Economics • Entrepreneurs • Business • African heritage

Ask your crowd first [crowdfunding].

12 Feb, 2018 • by Fashionomics Africa
Ask your crowd first [crowdfunding].
Fashionomics Africa

Thundafund is a leading online Crowdfunding marketplace in South Africa and with its help, many creatives and innovators are able to raise capital for their respective projects and ideas. Moreover, crowdfunding can be viewed as the new bank loan, only without the pressure of paying back and with an additional feedback from the crowd aka potential future investors/consumers.

It is a great tool for people all over the world to pitch their ideas or review and decide whether the campaign is worth investing. What is more, this is what Patrick Schofield, the co-founder of Thundafund, predicts about the future of crowdfunding – “In 5 years’ time people will see crowdfunding as a no-brainer when it comes to launching a new idea or project. Why would you spend your time and cash on an idea without first asking your future customers if they would buy it? Crowdfunding is the ultimate in the democratization of finance. The many, coming together to back people who create products that they would like to see materialize in the world.”

Thundafund was designed for Africans by Africans, as they [Thundafund] believe in activating their own communities to support entrepreneurs and build prosperity on the African continent. Moreover, at Thundafund they will provide mentorship and business services for the entrepreneurs, which helps a great deal for becoming a successful business. “This is not about charity. This is about change,” – states Thundafund, as this sort of transparency between the (potential) business and the customer builds true loyalty, and thereby grows economies and creates jobs.

You may ask, who is Thundafund? And the answer is – pretty much anyone with a business idea. Those are your friends, family, industry professionals, bloggers, fanciers etc., as it is all based on a network. Therefore, don’t dwell on your ideas, but take the opportunity with Thundafund.

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